A lot of people who are looking for a place to start fresh are considering moving to Sydney. It is a no-brainer why Sydney is among the top options. With beautiful beaches, incredible nature scenes, and a booming nightlife, Sydney does not disappoint.
For those who are still slowly adjusting to their new life there, buying a home might seem impractical and leasing out apartments would be their best option. However, due to Sydney’s housing shortages, rental deals have been extremely challenging to find. Consequently, competition for spaces in prime locations has increased, with potential renters offering twenty percent more than the asking price for a reservation.
In order to get a good deal, you need to be prepared to search for a property. Fortunately, in this article, we will be sharing a few tips to help you with your search for the perfect rental property.
Set a budget
Like any significant expenditure you make, you need to establish a budget. It would be in your best interest to calculate how much you can afford to spend weekly, monthly or yearly on rentals.
Your rent should not consume your entire monthly income. It shouldn’t make you repurpose the money allocated for utilities, savings and emergency funds. Hence, you need to set a budget that you’re comfortable with spending.
Look for a suitable location
When searching for a property, choose a site that will best suit your purpose for staying in Sydney. Assess whether the place is ideal for you or whether you can live comfortably in the chosen location.
For instance, if you want to be in the prime areas of the city or the urban jungle, the property you’re planning to rent should be located somewhere near. If you want to be near the beach, an excellent apartment near the area would be a suitable choice.
To help you with this, you can do your research across the internet. Tons of websites offer listings of available properties, such as Urban Rest Apartments in Sydney. They can help you score for premier accommodations fit for your budget.
Inspect and assess the property
If you can check the place personally, then consider visiting the site. Property agents will usually require a few identifying documents to allow you access to the property.
As mentioned before, property hunting in Sydney can be a bit challenging. That’s why when a schedule for viewing has been set, come on time looking your best. You must give the impression that you are serious about renting the place. If you plan on sharing your property with family, friends, or loved ones, ask them to come with you, too.
Inspect the property meticulously. If you’re satisfied with the place, snag the deal immediately. Prepare your documentation and payment in advance.
Be honest and persistent
When filling out an application form, observe honesty and sincerity. If possible, exert extra effort in contacting the agent. Be persistent and follow-up on the progress of your application. Keeping in close contact with the agent can give you a better chance of getting a good deal.
Know your rights and study the lease agreement
While waiting for your application to get approved, study your rights in the Sydney rental market. You can check the Office of Fair Trading’s website and download information on Tenant’s Rights and Bonds.
Once approved, acquire a copy of the lease agreement. Study it and make sure you understand each provision of the document. Do not sign the contract until you know all the clauses in the contract. Make sure you’re familiar with the terms and conditions of the lease, including penalties and circumstances of a breached contract.
Pay rent and bond in advance
Most lessors will require you to pay your rent in advance and furnish a bond or deposit. This will serve as the lessor’s insurance that you will stay and take care of the property for the duration of the agreed term.
Keep a record of important discussions
It always pays to be careful. Hence, you must keep a record of meaningful conversations you have with your real estate or property agent. This may aid you in future disputes or misunderstandings regarding the property.
Inspect the property before moving in
Once everything’s settled, and you’re ready to move in, inspect the property with your landlord. Document the inspection by taking photos or videos. Take a camera with you and keep the recorded evidence until your departure.
Takeaway
Sydney is a stunning and exciting place. It is filled with fascinating people and endless career opportunities. It was even considered one of the most liveable places on earth. No wonder a lot of people are competing against each other to acquire a suitable property in the area. That is why if you also want to score great apartment deals in Sydney, follow the tips above and start hunting.
